Food Delivery
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Telecom shares drop 13%; surprise loser against other sectors as global lockdowns drive online sales from gaming to food delivery
•In Asia, Africa, Europe and the Americas, a combination of high fixed costs, debt and market disruption has left telcos significantly underperforming the data-hungry businesses their networks carry
Coronavirus Outbreak: Google Maps now highlights restaurants that are operating near you during the lockdown
Trendingdesk •The Google Maps feature does not allow you to order food through the app, but only offer information regarding the establishments.
Uber Eats and other meal delivery firms are supplying groceries during lockdowns
•The companies aim to deliver in less than 20 minutes, faster than restaurant meals.
Exclusive: Homegrown food-delivery services Swiggy, Zomato revive merger talks as threat from Amazon, Uber Eats looms
Sunny Sen •Even if the companies agree to a merger, they would have to contend with the gaze of the Competition Commission of India
Zomato revenue jumps by 225% to $205 million in April-September 2019; monthly cash burn rate down 60%
•Online restaurant guide and food ordering platform Zomato on Tuesday said its monthly burn rate is down to 60 percent of what it was six months ago
Zomato extends Gold program to not just eating out but also deliveries; NRAI terms it desperate attempt
Fp Staff •Zomato Gold is a premium membership plan that offers free food and drink.
Zomato asks partner restaurants to serve 45-day notice before opting out of Gold discounting scheme
Fp Staff •Zomato said that in case members wish to log back to its Gold platform they will be required to pay a sign-up fee
Zomato lays off 60 employees in customer support team 'to cut costs and reduce redundancies'
Fp Staff •The battle for dominance in India’s fast-growing online food delivery market is a two-way affair between Swiggy and Zomato
Zomato under controversy for being a 'hypocrite', users give one star rating to app
Tech2 News Staff •People are now even boycotting Uber Eats for backing up Zomato in this case.
Uber loses $1 billion in first quarter as costs for drivers, food delivery grow
•Uber CEO Dara Khosrowshahi will have to soon convince investors that Uber can turn a profit.